IDBI Federal Wealthsurance Foundation Plan - should I continue or surrender?

[Sonali]

I had bought this policy for investment, as the name of the policy suggests -"Wealthsurance". But most of my investment is going into various changes. Should I continue or surrender after three years?

[Expert]

I had bought this policy for investment, as the name of the policy suggests -"Wealthsurance". But most of my investment is going into various changes. Should I continue or surrender after three years?

Investment is not done or bought on the basis of name. Insurance is not for investment, it's main purpose is to provide you protection from unseen events. The surrender decision will only be taken after 3 years (in year 2013, as per above data).